A regressive tax structure is one:
a. in which the tax rate increases as the base increases
b. in which the tax rate remains the same as the base increases.
c. that tends to discourage additional work as income rises.
d. that is famous and in use in the U.S.
e. in which the tax rate increases as the base increases.
e
Economics
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When a domestic monopolist becomes subject to international competition, it faces:
a. a perfectly inelastic demand curve. b. a unitary elastic demand curve. c. a perfectly elastic demand curve. d. no demand curve.
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Diversification refers to the
A) splitting of wealth into many assets. B) difference between the liquidity of an asset and its risk. C) difficulty of converting investments in common stocks into investments in bonds. D) difficulty of selling common stocks in a weak market.
Economics